Net zero is set to cost the UK economy billions of pounds more than public officials estimate, a new report has suggested, raising questions over the supposed savings to be made from the energy transition for households and businesses.  A new paper published by the Institute of Economic Affairs, a free market think tank, has raised questions about cost estimates shared by the Climate Change Commission, an independent public body that provides advice on net zero policy to ministers.  Energy analyst David Turner said the cash costs in the…

Following the United States unilateral intervention in Venezuela at the beginning of January, President Trump has discussed the potential for exploiting the South American country’s vast oil reserves. As he looks to boost oil production across the Americas, many are questioning just how much of an impact the expansion of Venezuelan heavy oil production would have on the environment, and on global decarbonisation aims. Venezuela is home to the world’s largest oil reserves, with an estimated 300 billion barrels. However, years of underinvestment…